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Paytm Payments Bank

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Banking, Fintech & Insurance 08 Oct 2026, 12:45 PM IST

RBI Removes Paytm Payments Bank From Scheduled Banks List

The Reserve Bank of India has removed Paytm Payments Bank from the list of scheduled banks, deepening the regulatory fallout from its earlier action against the lender. The move follows the central bank’s April decision to cancel the bank’s licence over persistent non-compliance and concerns that its operations were conducted in a manner detrimental to depositors.

By RDU Global Wire5 min read

Banking, Fintech & Insurance2h ago

Insurtech Rout Wipes $3.6 Billion Off India's New-Age Tech Stocks as Commission Cap Fears Jolt Investors

India's listed new-age technology companies lost a combined $3.6 billion in market value this week as a steep sell-off in insurtech names, led by PB Fintech and Turtlemint, overshadowed gains in select SaaS, mobility and logistics counters. The decline came as investors weighed the likely impact of the insurance regulator's proposed commission caps, even as IPO activity remained active with Moneyview, AceVector and Spinny advancing public market plans.

7 min readRead →

Banking, Fintech & Insurance07 Oct 2026, 04:14 PM IST

RBI Deputy Governor Says UPI Merchant Fee Will Not Trigger a Cash Rebound as MDR Returns on High-Value Payments

The Reserve Bank of India’s Deputy Governor Shirish Chandra Murmu has said the reintroduction of a merchant discount rate on UPI payments above Rs 2,000 will not automatically push consumers back to cash. His comments come as policymakers prepare for the October 15 implementation of the fee structure, reviving debate over the economics of digital payments and the future of cash in India.

5 min readRead →

Banking, Fintech & Insurance06 Oct 2026, 09:33 AM IST

No GST Should Apply to MDR on UPI Payments, Says C. Rangarajan

Former Reserve Bank of India Governor C. Rangarajan has argued that the government should not levy GST on the merchant discount rate linked to UPI transactions, warning that any tax burden on digital payments could slow adoption. His remarks add fresh policy weight to an ongoing debate over how India should balance revenue considerations with the push for cashless commerce.

5 min readRead →

Banking, Fintech & Insurance06 Oct 2026, 04:09 AM IST

RNFI Money Wins RBI Approval for Cross-Border Trade Remittances, Expanding Its Regulated Payments Ambition

RNFI Money, the wholly owned subsidiary of RNFI Services, has secured Reserve Bank of India approval to undertake cross-border trade remittances, marking a significant expansion of its regulated financial services footprint. The licence strengthens the company’s ability to serve trade-payment and foreign exchange needs through its existing last-mile network, while complementing RNFI Services’ recent in-principle authorisation to operate as a Payment Aggregator–Physical.

5 min readRead →

Banking, Fintech & Insurance05 Oct 2026, 10:20 PM IST

Apple Pay’s India Entry Arrives Late to a Crowded Digital Payments Market

Apple’s long-anticipated payments push in India is drawing fresh scrutiny as the company expands its consumer and hardware footprint in the country. But with UPI already dominant and local fintech platforms deeply embedded in everyday commerce, Apple Pay may find that timing, not technology, is its biggest obstacle.

5 min readRead →

Banking, Fintech & Insurance05 Oct 2026, 08:07 PM IST

SBI Sees Surplus Potential as New UPI MDR Kicks In for High-Value Payments

State Bank of India expects to generate surplus revenue from the new merchant discount rate on UPI transactions above Rs 2,000, citing its scale in card issuance and payment gateway services. The bank will begin charging MDR from October 15 and is assessing how transaction splitting may affect volumes and system behaviour.

5 min readRead →

Banking, Fintech & Insurance08 Oct 2026, 01:06 PM IST

National Housing Bank Orders Forensic Audit of SRG Housing Finance Over Suspected Fictitious Loans

The National Housing Bank has initiated a forensic audit of SRG Housing Finance amid allegations of dubious lending practices, including fictitious loans, unsupported accounts and mismatches in repayment records. The review will examine consumer data and loan origination processes, building on earlier findings that flagged possible fictitious loans worth ₹300 crore to ₹400 crore.

5 min readRead →

Banking, Fintech & Insurance08 Oct 2026, 01:06 PM IST

RBI Clears Anup Saha to Lead Kotak Mahindra Bank as MD and CEO from 2027

The Reserve Bank of India has approved the appointment of Anup Kumar Saha as managing director and chief executive officer of Kotak Mahindra Bank for a three-year term beginning January 1, 2027. He will succeed Ashok Vaswani, with the Kotak board now expected to formalize the appointment and seek shareholder approval.

5 min readRead →

Banking, Fintech & Insurance08 Oct 2026, 12:45 PM IST

HSBC hires Cantor’s Paras Jain to lead global TMT banking, sources say

HSBC has appointed Paras Jain as its global head of technology, media and telecom investment banking, with the banker set to join in November, according to people familiar with the matter. The move underscores HSBC’s push to concentrate resources on businesses where it believes it can win share, particularly in Asia and the Middle East’s fast-growing tech corridors.

5 min readRead →

Banking, Fintech & Insurance08 Oct 2026, 12:24 PM IST

India Ranks Among Top 10 Emerging Markets for AI Readiness, World Bank Says

The World Bank said on Tuesday that India is well positioned to harness artificial intelligence, citing the country’s large technical workforce and improving digital foundations. The assessment places India among the top 10 emerging-market performers on AI readiness, underscoring both its potential and the policy work still needed to convert capability into broad-based economic gains.

5 min readRead →

National Governance & Policy08 Oct 2026, 12:24 PM IST

Finance Ministry Urges Private Banks to Deepen Role in Inclusion Push

The Finance Ministry has asked private sector banks to step up participation in the government’s financial inclusion programmes, including Pradhan Mantri Mudra Yojana and Stand Up India. Financial Services Secretary Sanjay Lohiya pressed lenders to widen digital outreach, speed up loan processing, improve insurance claim awareness and strengthen grievance redress as the government prepares for a saturation campaign.

5 min readRead →

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Co-Occurring Entities

Entities frequently referenced alongside Paytm Payments Bank:

Reserve Bank of India(1)New Delhi(1)India(1)